News articles about TriMas Corp (NYSE:TRS) have been trending somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TriMas Corp earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 47.2253982186918 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
TriMas Corp (TRS) traded up 1.70% during mid-day trading on Friday, hitting $23.90. The stock had a trading volume of 178,484 shares. The stock has a 50-day moving average price of $22.84 and a 200 day moving average price of $21.95. TriMas Corp has a 12-month low of $17.00 and a 12-month high of $25.00. The firm’s market cap is $1.09 billion.
TriMas Corp (NYSE:TRS) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. The firm had revenue of $213.39 million during the quarter, compared to the consensus estimate of $205.22 million. During the same period last year, the business posted $0.34 EPS. TriMas Corp’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts anticipate that TriMas Corp will post $1.43 EPS for the current fiscal year.
A number of analysts have recently commented on TRS shares. Zacks Investment Research upgraded TriMas Corp from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Saturday, July 1st. ValuEngine upgraded TriMas Corp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub upgraded TriMas Corp from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $24.00 price objective (up from $22.00) on shares of TriMas Corp in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.25.
In related news, insider Paul Swart sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $24.76, for a total value of $74,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert J. Zalupski sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $22.00, for a total value of $48,400.00. The disclosure for this sale can be found here. Insiders sold a total of 11,082 shares of company stock valued at $268,554 over the last ninety days.
About TriMas Corp
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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